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Weekday news and analysis for retirement plan advisers
Monday, November 13, 2023
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Advisers Selling Product, Not Process, in Fiduciary Rule Crosshairs
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Experts discuss the ripple effect of the Department of Labor’s proposed fiduciary rule amendments.
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Transamerica, ADP Each Add In-Retirement Plan Annuity Options
With the announcement, Transamerica becomes the first recordkeeper to offer State Street’s TDF with an embedded annuity, while ADP adds Income Solutions from Hueler.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. Firefighter Pension Complaint Alleges Insider Trading by United Health Execs, Including Slain CEO
3. 401(k)s and the Courts in 2025
Retirement Industry People Moves
CAPTRUST adds Leddy as chief compliance officer; Voya hires Harrell as regional vice president; MissionSquare names Whiting SVP, chief sales officer; and more.
How Advisers Can Help Close the Wealth Gap
Panelists at the CFP Board’s Diversity Summit provided insights into how financial planners and advisers can reach disadvantaged communities.
Navigating ESG: Forward Thinking
Panelists discuss how new ESG issues will inform investors’ focus and opportunities going forward.
Market Mirror Market Mirror Graph

Friday, the Dow rose 391.16 points (1.15%) to close at 34,283.10, the Nasdaq rose 276.66 points (2.05%) to close at 13,798.11 and the S&P 500 rose 67.89 points (1.56%) to close at 4,415.24. The Russell 2000 rose 18.09 points (1.07%) to close at 1,705.32, and the FT Wilshire 5000 Index rose 650.79 points (1.49%) to close at 44,188.99.

The 10-year Treasury note fell 23/32, bringing the yield to 4.642%. The 30-year Treasury bond fell 12/32, bringing the yield to 4.755%.

For the week ending November 10, the Dow rose 0.65%, the Nasdaq rose 2.37% and the S&P 500 rose 1.31%. The Russell 2000 fell 3.15%, and the FT Wilshire 5000 Index ended 0.91% higher.

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